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Board Press
Re: [2018-02-10] Japanese Crypto Investors To Pay Tax Of Up To 55 Percent On Profits
by
odolvlobo
on 17/02/2018, 18:59:27 UTC
With that said, we should however remember that there is an optimal level of tax burden in the economy (think Laffer curve here), and it may be a lot higher than what some or even most people may think. And that could be one of the reasons why the Japanese government levies so high taxes given that the local population is law-abiding in general.

The optimal level of tax burden is 0. The Laffer curve describes the maximum level of tax generation. The goals are not the same.